Why you should choose this course

In this course, you will dive into the concepts of rationality and irrationality and understand how they impact our investment decisions and what the consequences can be at the market level.
You will first explore the different biases that we, as humans, are subjected to when facing investment decisions and how they may impact the outcomes of these decisions. Moreover, you will see how emotions and ethical concerns such as honesty and trust influence market participants. When they are considered as a group rather than individually, you will discover how rationality and irrationality can drive asset prices to and away from their fair value. Finally, you will be presented with different portfolio construction methodologies and investment styles that make up the landscape of today's portfolio management industry.
At key points throughout the course, you will benefit from the practical knowledge of experts from our corporate partner, UBS, in how to build and manage clients' portfolios.

SX

Excellent coverage of topics. Personal favorite was the behavioral aspects in investing- the biases. Great practical industry insights from the UBS team as well. Highly recommended course.

FK

May 07, 2019

Filled StarFilled StarFilled StarFilled StarFilled Star

It was very productive course. I've gained a lot of efficient, useful knowledge. Now I have a quite blurry picture of what investment is. Special thanks to Prof. Michel Girardin

從本節課中

General Introduction and Key Concepts

In this introductory week, we will start by illustrating how emotions can hinder sensible investment decisions. You will then have the opportunity to check if you master the concepts of the first course that are important for this second course. Finally, we will lay the ground for next week’s content by looking at rational decision making.

University of Geneva- Kerstin Preuschoff

University of Geneva- Olivier Scaillet

University of Geneva- Philip Valta

SFI Assistant Professor of Finance

腳本

[MUSIC] Welcome to this course on meeting investor goals. My name is Kerstin Preuschoff. I'm a Professor of Neuroeconomics and Neurofinance at the Geneva Finance Research Institute. >> My name is Tony Berrada. I'm a Professor of Finance at the Geneva Finance Research Institute. >> In this course we are going to discuss investor goals, and how different behavioral and market phenomenon, affect how you view the market, and how you make portfolio decisions. In module one and two, we will first take a look at how you make decisions as an individual. We are going to take a rather unusual perspective to do so. We will introduce you to the concept of cognitive biases and we will discuss how cognitive biases and emotions play a fundamental role in your decision making process. >> The market actually reflects the sum of many individual decisions and behaviors. Attaining your goals also implies that you understand the financial environment in which your decisions are being made and in particular that you get a clear understanding of important market phenomena such as Bubbles and Financial Crisis. Module three will help you in that dimension, we will discuss Market efficiency and Bubble and Financial Crisis. In module four, which will conclude this course, we will review the major investment styles and approaches that are commonly used in the industry to set up portfolio strategies. As with the other courses and modules in this specialization, you will get very different perspective from academics such as Kerstin and myself, experts from UBS and also for this particular module, we have the pleasure of having a special guest Professor Jean-Pierre Danthine, the former Vice President of the Swiss National Bank, will join us to discuss some of these topics. >> We're looking forward to introducing you to all of these concepts, and we hope you enjoy the course. [MUSIC]